MDEV
First Trust Indxx Medical Devices ETF
MDEV tracks an equal-weighted index that gives global exposure to the medical equipment industry.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.1 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 22, 2021 |
| Assets (mns) | $2 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SARTORIUS STEDIM BIOTECH SA | 2.4 % |
| HOYA CORP | 2.4 % |
| DEXCOM INC | 2.3 % |
| INSULET CORP | 2.3 % |
| WUXI APPTEC CO., LTD. CLASS H | 2.2 % |
| EXACT SCIENCES CORP | 2.2 % |
| RESMED INC | 2.2 % |
| SMITH & NEPHEW PLC | 2.1 % |
| WILLIAM DEMANT HOLDING A/S | 2.1 % |
| ALIGN TECHNOLOGY INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 200 |
| Wgt avg mkt cap (mns) | $38,958 |
| Large cap (>$10bn) | 79.9% |
| Mid cap ($2-10bn) | 19.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.4% |
| Emerging mkts. | 2.3% |
Country Exposure
 |
UNITED STATES | 57.1 % |
 |
JAPAN | 7.9 % |
 |
SWITZERLAND | 6.2 % |
 |
FRANCE | 4.4 % |
 |
GERMANY | 4.1 % |
 |
DENMARK | 3.9 % |
 |
IRELAND | 3.8 % |
 |
CHINA | 2.2 % |
 |
BRITAIN | 2.1 % |
 |
NETHERLANDS | 2.0 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.7% | -0.2% | -2.6% | 0.5% | -- | -- | -- | -5.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | -2.7% | -0.2% | -2.6% | 0.5% | -- | -- | -- | -5.9% | Ann. Volatility | 24.4% | 17.3% | 16.3% | 19.8% | -- | -- | -- | 19.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 71% |
| MSCI EAFE | 1.12 | 80% |
| MSCI Emg Mkts | 0.85 | 47% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
Technical Indicators
| Recent close | $20.50 |
| 30d moving avg. | $19.48 |
| Annualized volatility | 21.1% |
| Relative strength (RSI) | 49 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 40.6% | -30 bp | +7.8% |
| XHE | SPDR S&P Health Care Equipment ETF | 39.4% | -35 bp | +2.9% |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 36.8% | -2 bp | +2.6% |
| IHI | iShares U.S. Medical Devices ETF | 33.1% | -30 bp | +3.7% |
| FMED | Fidelity Disruptive Medicine ETF | 27.0% | -20 bp | -1.1% |
| FXH | First Trust Health Care AlphaDEX Fund | 26.6% | -8 bp | +8.7% |
| BMED | Future Health ETF | 26.5% | +15 bp | +0.5% |
| AGNG | Global X Aging Population ETF | 24.8% | -20 bp | +5.0% |
| IXJ | iShares Global Healthcare ETF | 22.8% | -28 bp | +7.2% |
| IYH | iShares U.S. Healthcare ETF | 22.5% | -30 bp | +7.1% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/17/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
4.3%
Cat. Avg
4.6%
ALTAR Score™ Calculation
Category Overview
There are 365 funds in the Global Equity category, with an average ALTAR Score™
of 4.6% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MDEVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 70.0 | 0.0 | 70 | |
| Peer Avg. | 55.1 | 33.1 | 88.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .